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I didn't mean to imply its never done, just that when a founder is fired it tends to be for criminal reasons (ie, John Delorean). In this case, it looks like a
by yardie 15y ago
I didn't mean to imply its never done, just that when a founder is fired it tends to be for criminal reasons (ie, John Delorean). In this case, it looks like a pure power play. Tucci had the board backing him and Greene had the senior executives. In the end Tucci won.
"When Ms. Greene’s firing was announced to investors the next morning, VMware’s shares plunged 24 percent, and the high-flying company was thrown into a tailspin from which it has yet to recover."[1]
Since her departure it looks like VMWare has changed from an engineering driven company to acquisitions driven.
[1]http://www.nytimes.com/2008/09/09/technology/09vmware.html http://www.nytimes.com/2008/09/09/technology/09vmware.html